Ad-hoc Releases

Unterneukirchen (Germany), December 17, 2010. SKW Stahl-Metallurgie Holding AG, the specialty chemical company quoted in the German SDAX index, has signed an agreement for the acquisition of a Swedish calcium carbide production plant through a fully owned Swedish subsidiary (asset deal). The seller is Carbide Sweden AB, a Swedish company fully owned by the Dutch coatings and chemical company AkzoNobel.

The acquisition is a vertical integration project focussed on the European market for calcium carbide used in hot metal desulphurization. In addition, Carbide Sweden supplies calcium carbide to the gas industry, which represents a new market for SKW Metallurgie.

Closing is expected in Q1 2011.

The purchase price will be financed from SKW Metallurgie’s cash flow and existing bank lines of credit, and is reflecting future investment requirements. Further details of the purchase price are kept confidential under a non-disclosure agreement between both parties.

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